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-   -   Receiving an inheritance from the Netherlands (https://www.askmehelpdesk.com/showthread.php?t=617692)

  • Dec 7, 2011, 12:05 PM
    shantigoulet
    Receiving an inheritance from the Netherlands

    Hi ,

    I am going to receive an inheritance from my mother who passed away recently in the Netherlands.
    I am now a US citizen, and wonder if there are any taxes that I need to pay on it , or if there is a cut off.
    After reading your answers it looked like I didn't have to, and that I only need to fill out a form.

    Thanks
  • Dec 7, 2011, 12:22 PM
    AtlantaTaxExpert
    There will be no estate or inheritance taxes on the federal level.

    There MAY be an inheritance tax at the state level; a phone call to your state department of taxation should provide an answer to that question.

    If there is a wire transfer from your mother's estate, Form 3520 may need to be filed to account for the transfer amount, but that is an information return only; NO tax will be due.

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